Aug 20, 2019 3:08:00 PM | LGT Beacon
LGT Beacon: Staying calm and acting counter-cyclically
August brought a monetary policy disappointment and revived Sino-American trade tensions, triggering a global pullback in risk assets. In late July, near the markets' top, we had trimmed US equities and increased our gold position. More recently, we bought Japanese equities, after our counter-cyclical investment rules produced a buy signal for that market.